Monday , March 1 2021

WebEye Telematics Zrt.

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It has been transformed into a joint-stock company and, in addition to a steady increase, plans to enter the stock market with the Hungarian-owned Telematic Fleet Tracking Service, WebEye.

The second day at the press conference in Budapest in Pai Nemet, executive director of WebEye Telematics Zrt, announced that this year Webeye International Ltd. and Lambda-Com Ltd. merged with WebEye Telematics Zrt. A group of 300 employees has the objective of doubling sales to increase the export ratio to 80% over a five-year period, further increasing the number of managed telematics destinations from 64,000 to 200,000. The combined revenue of the combined companies last year was EUR 16 million.

The group of companies is continuously a two-digit number compared to the corresponding period of the previous year. Revenues are projected to be EUR 18.2 million this year and they will reach EUR 30 million by 2023 according to the long-term plan, said the Executive Director. He added that the transformation is based on the structure of the state subsidiary. Equity market capitalization is also planned for growth, according to the executive director, according to their current plans, they plan to implement it within seven years, and future acquisitions are planned as market leaders in the region. Levente Tóth, WebEye's Commercial Director, said: customers are mainly road-logistics companies, where technology is rapidly developing and the amount of data will increase exponentially. In the road transport sector, according to sector forecasts, by the year 2030 three quarters of the traffic will continue. Delivery costs are expected to drop by almost half, partly due to self-propelled and electric vehicles, the use and efficiency of rolling stock, and a decrease of 40 percent. After market reorganization, telematics will spread by 100 percent, which is a significant leap, he pointed out. Between sectors, the prevalence of the Internet of Things (IoT) will become one of the most important in logistics.

According to the analysis, companies in the European market carry 38 million vehicles, of which 80 per cent is 3.5 tonnes. That means it should be open from heavy vehicles to light commercial vehicles, he said. Apart from Hungary, the company focuses on the Polish and Romanian markets. In addition to the company's marketing and development center in Hungary, it is located in 14 countries, one of the largest telematics service providers in Europe. Their development center is Fót and Szeged. The telematics system developed by the company is based on a satellite navigation system, which allows carriers to receive prompt and regular feedback about the location, consumption and parameters of the fleet that is identified during the planning.

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